Diligence told them they’re buying a almost dead payment processor with ancient tech. Customer lists are worth something but not that much.
sho_hn 1 minutes ago [-]
Curious to hear from someone who watches this space. What makes them dead?
It's still the only consistently supported thing I encounter online.
I'm aware things like Wero are poised to shake things up, but still have no real idea about timeline and impact.
enos_feedler 52 minutes ago [-]
Elon bought a dead social network and look at him go! But seriously, I log into paypal once a month to pay my landlord. I am a MAU. That is crazy. It’s more then I can say for ABNB. Maybe they should buy Paypal. Save on those transaction fees.
It's still the only consistently supported thing I encounter online.
I'm aware things like Wero are poised to shake things up, but still have no real idea about timeline and impact.
1 month ago: Stripe and Advent have made a joint offer to acquire PayPal – sources https://news.ycombinator.com/item?id=48915953